Itaconix (LON:ITX) Stock Price Down 1.1% – Time to Sell?

Itaconix plc (LON:ITX)’s share price fell 1.1% on Tuesday. The stock traded as low as GBX 177 and last traded at GBX 180. Approximately 16,799 shares changed hands during trading, a decline of 15% from the average daily volume of 19,843 shares. The stock had previously closed at GBX 182.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 375 price target on shares of Itaconix in a research report on Tuesday, September 8th. One analyst has rated the stock with a Buy rating. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 375.

Itaconix Trading Down 1.1%

The firm’s 50-day simple moving average is GBX 191.19 and its 200-day simple moving average is GBX 145.24. The firm has a market capitalization of £24.27 million, a PE ratio of -19.57 and a beta of 1.05. The company has a quick ratio of 0.52, a current ratio of 2.97 and a debt-to-equity ratio of 24.36.

Itaconix (LON:ITX) last released its quarterly earnings data on Tuesday, September 8th. The company reported GBX (0.02) EPS for the quarter. Itaconix had a negative return on equity of 15.42% and a negative net margin of 9.06%. Equities analysts expect that Itaconix plc will post -8.43 earnings per share for the current year.

Itaconix Company Profile

Itaconix uses its proprietary plant-based polymer technology platform to produce and sell specialty ingredients that improve the safety, performance, and sustainability of consumer products. The Company’s current ingredients are enabling and leading new generations of products in detergents, hygiene, and hair care. Itaconix’s contributions to the global low carbon economy are recognised by the London Stock Exchange’s Green Economy Mark.